Advertisements
Advertisements
Question
Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of ₹ 3 per share. The minimum price per share at which these shares can be reissued will be:
Options
₹ 6
₹ 4
₹ 10
₹ 16
MCQ
Advertisements
Solution
₹ 4
Explanation:
Minimum Price = Nominal Value of Share – Maximum Discount (Amount forfeited per share)
= ₹ 10 – ₹ 6
= ₹ 4
shaalaa.com
Is there an error in this question or solution?
